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Overview / Commentary
218-722-3500
2630 West Superior Street
Duluth, MN 55806

Park State Bank is headquartered in Duluth and is the 246th largest bank in the state of Minnesota. It is also the 5,202nd largest bank in the nation. It was established in 1916 and as of June of 2017, it had grown to 13 employees at 2 locations. Park State Bank has an A health rating.

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Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Park State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8851
Year Established1916
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.25%
Return on Equity - YTD8.32%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$51.8MM$39.1MM
LoansQ2 2017vs Q2 2016$42.4MM$29.1MM
DepositsQ2 2017vs Q2 2016$43.9MM$32.4MM
Equity CapitalQ2 2017vs Q2 2016$7.6MM$6.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$188.00K$57.00K
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$0$2.00K
Real Estate OwnedQ2 2017vs Q2 2016$0$33.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Park State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$5kKasasa Saver
OTHER TIERS: 0.35% $5k+
Locations


Park State Bank Locations
Park State Bank2630 West Superior StreetDuluth, MN 55806
Park State Bank - Minneapolis Branch430 1st Avenue, Suite #104Minneapolis, MN 55401